Pullback
This video takes a look at a possible setup developing in the US Stock market: what could potentially be the first pullback following at attempted trend change. (You could trade S&P 500 futures, SPY, IWM, etc. Similar patterns exist in most European indexes, but not Asia.) This is
Pullback
[dc]I[/dc] want to share a brief look at longer-term market structure in the Canadian dollar today. We have a situation in which a few timeframes appear to be in conflict with each other. Perhaps there is a trading opportunity, but there certainly is a good lesson. There are
Breakout
[dc]T[/dc]oday I want to take a look at the recent move in India's stock market. I will discuss how we traded it (and signaled the move far in advance) in the research I write for Waverly Advisors, but, even more importantly, there are lessons for
Breakout
[dc]A[/dc] few weeks ago, I discussed a possible impending breakout in the British pound in this post. This is a good time to take another look at the pattern, how it has developed, and see if we can derive some trading ideas. First, the driving concept here is
Chart of the Day
By way of history, we have been bearish on Gold for quite some time in the research I write daily for Waverly Advisors, and we hold a short that was established 9/23/13. There is potential for a dramatic pattern failure here, so this is absolutely not a time
Chart of the Day
Yesterday's weak closes in major stock indexes do threaten trend integrity, at least on the intermediate term: though fairly small on a nominal basis, these moves were large on a volatility-adjusted basis and have the potential to lead to further downside. (Bears will also find support for their
Chart of the Day
The daily chart of the DJ Europe Stock Index shows a two-legged pullback that could be read as a complex consolidation. This is typically a strongly bullish pattern, and we see similar structures in many other global indexes. Yesterday's large standard deviation up close is a breakout on
General Comments
[dc]I[/dc] want to share the thinking and reasons supporting a technically-motivated short position in Treasury Futures. I think it is possible to simplify the trading of patterns too much, and to imply that all a trader has to do is to simply execute some basic patterns and make
General Comments
Sometimes, important technical patterns are easy to miss. A small bar near the extreme of a recent thrust (near the extreme means near the low of a downthrust or the high of an upthrust) can often function as a small consolidation. It is possible to initiate shorts on a breakdown
Breakout
One of the tools I use to evaluate market action is the standard deviation spike, which expresses each day's return a standard deviation of the previous 20 trading days. (This tool is also discussed in The Art & Science of Technical Analysis .) This gives an important perspective on
General Comments
The small consolidation (B) above the top of the parallel trend channel should provide another spot to add to or to initiate long positions on further strength. One way to trade this pattern would be to simply enter a long on a strong close above this resistance, though an intraday
General Comments
Though I have written before about a potential longer-term timeframe short setup in precious metals, Gold and Silver both show overtly bullish patterns. Longs are justified on upside breakouts in either metal. // < ![CDATA[ <span style="overflow:hidden;line-height:0px" data-mce-style="overflow:hidden;line-height:0px"